Commercial vehicle maker Ashok Leyland Ltd on November 12 reported nearly flat net profit at Rs 771 crore for the quarter ended September 30, 2025.
The firm's revenue from operations rose 9% to Rs 9,588 crore in Q2FY26 as against Rs 8,769 crore in Q2FY25.
The EBITDA for the quarter was up at 12.1% (Rs 1,162 crore) as against 11.6% (Rs 1,017 crore) in the corresponding period last year.
"Both MHCV and LCV industry witnessed positive growth in Q2. Ashok Leyland volume in Q2 saw a jump of 3% in MHCV (from 25,542 to 26,307 units) and 6% in the LCV segment (from 16,629 to 17,697 units) on YoY basis. The bus industry in particular continues to show impressive movement, growing for the 18th consecutive quarter. Ashok Leyland’s Domestic
MHCV market share continues to be over 30%. The Company maintained its market leadership in the Bus segment. The LCV domestic market share in the addressable segments has also improved," said the company in a stock exchange filing.
The company's board has recommended interim dividend of Re 1 per share.
Dheeraj Hinduja, Chairman, Ashok Leyland, said “We continue to deliver profitable growth, driven by continuing demand. Our robust all-round performance symbolizes the competitiveness of our products and strong customer focus. In the International business we are intensifying our expansion strategy in our focus markets of Middle East, Africa and SAARC. Switch Mobility is performing well with an order book of nearly 1,500 vehicles.”
Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We continue to see stable demand in all segments of trucks and buses. The industry has posted growth, albeit modest, and we are anticipating to witness better growth in the second half. Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA. Our focus on profitability is reflected in record PAT for Q2FY26 and higher EBITDA margins, both sequentially and year-on-year. Margin expansion is being driven by product premiumization, network growth, operational efficiency, cost optimisation, and digital enablement. We believe we are well positioned to achieve our mid-teen EBITDA goal in the medium term. We remain cash positive."
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